Schmidt PJ Investment Management Inc. increased its holdings of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) stock by 2.1% in the first quarter, according to its recent filing on Form 13F with the Securities and Exchange Commission . The company owned 37,652 shares of the financial services provider after purchasing an additional 782 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.0% of Schmidt PJ Investment Management Inc.’s portfolio, making the stock its 28th-largest holding. Schmidt PJ Investment Management Inc.’s holdings in JPMorgan Chase & Co. were valued at $4,494,000 at the time of the last SEC filing.
Several other major investors have recently added to or reduced their stakes in JPM. Joseph Group Capital Management acquired a new position in JPMorgan Chase & Co. stock valued at approximately $1,353,000 during the fourth quarter. Evolution Advisers Inc. acquired a new position in JPMorgan Chase & Co. stock valued at approximately $52,000 during the 4th quarter. Leverty Financial Group LLC acquired a new position in JPMorgan Chase & Co. stock valued at approximately $54,000 during the fourth quarter. Delos Wealth Advisors LLC increased its holding in JPMorgan Chase & Co. stock by 13,433.3% during the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider, valued at $64,000, having purchased an additional 403 shares during the period. Finally, Landmark Wealth Management LLC acquired a new position in JPMorgan Chase & Co. stock valued at approximately $46,000 during the first quarter. 70.35% of the shares are currently owned by hedge funds and other institutional investors.
JPMorgan Chase & Co. trading up 3.0%
NYSE:JPM opened at $115.76 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt to equity ratio of 1.14. The company’s 50-day moving average is $116.99 and its 200-day moving average is $129.20. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96. The company has a market cap of $339.99 billion, a P/E of 9.29, a P/E of 2.07, and a beta of 1.12.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its earnings results on Thursday, July 14th. The financial services firm reported earnings per share of $2.76 for the quarter, matching analyst consensus estimates of $2.76. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The company had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $31.82 billion. In the same quarter last year, the company posted $3.78 per share. JPMorgan Chase & Co.’s quarterly revenue increased 0.8% compared to the year-ago quarter. On average, analysts are forecasting that JPMorgan Chase & Co. will post 11.21 EPS for the year to date.
JPMorgan Chase & Co. announces dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, July 31st. A dividend of $1.00 per share was paid to shareholders of record on Wednesday, July 6th. That equates to an annual dividend of $4.00 and a yield of 3.46%. The ex-dividend date of this dividend was Tuesday July 5th. JPMorgan Chase & Co.’s payout ratio currently stands at 32.10%.
Wall Street analyst ponders
A number of equity analysts recently issued reports on the company. Societe Generale upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Tuesday, May 24, raising the company’s price target to 150 from $145.00. $00. UBS Group has lowered its target price on JPMorgan Chase & Co. from $134.00 to $126.00 and gave the company a buy rating in a research note on Friday 15 July. The Royal Bank of Canada lowered its price target on JPMorgan Chase & Co. to $130.00 in a research note on Thursday, July 14. Citigroup upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 12, and lowered its price target on the company to 135.00 from $145.00 $. Finally, on Friday, July 15, Evercore ISI lowered its price target on JPMorgan Chase & Co. from $135.00 to $125.00 in a research note. One equities research analyst has assigned a sell rating to the stock, eight have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $145.95.
About JPMorgan Chase & Co.
JPMorgan Chase & Co operates as a global financial services company. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB) and Asset & Wealth Management (AWM). The CCB segment provides consumers with deposit, investment and credit products, payments and services; credit, deposit and cash management and payment solutions for small businesses; Issuing and servicing of mortgages; residential mortgages and home equity loans; and credit card, auto loan and leasing services.
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